Minority Discounts and Control Premiums in Appraisal Proceedings

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The Value of Control: Implications for Control Premiums, Minority Discounts and Voting Share Differentials*

It is not uncommon in private company and acquisition valuations to see large premiums attached to estimated value to reflect the “value of control.” But what, if any, is the value of control in a firm, and, if it exists, how do we go about estimating it? In this paper, we argue that the value of controlling a firm has to lie in being able to run it differently (and better). Consequently, the v...

متن کامل

Quantity Premiums and Discounts in Dynamic Pricing

Abstract: We consider a dynamic pricing problem for a monopolistic company selling a perishable product when customer demand is uncertain and occurs in batches which must be fulfilled as a whole. The seller can price-discriminate between the batches of different size by setting different unit prices. The problem is modeled as a stochastic optimal control problem to find an inventory-contingent ...

متن کامل

Premiums, Discounts and Feedback Trading: Evidence from Emerging Markets’ ETFs

This study investigates the extent to which ETFs’ premiums and discounts motivate feedback trading in emerging markets’ ETFs. Using a sample of the first-ever launched broad-index ETFs from four emerging markets (Brazil, India, South Africa and South Korea), we produce evidence denoting that feedback trading grows in significance in the presence of lagged premiums. The significance of feedback ...

متن کامل

Seasonal variability and a farmer's supply response to protein premiums and discounts

This article extends the analysis of the impact of a system of protein premiums and discounts to that on a farmer's planned production. Despite an unambiguously negative impact on expected pro¢ts of equally likely premiums and discounts, supply response to the introduction of such a system is shown to depend on the level of seasonal variability faced by the farmer. In particular, farmers in reg...

متن کامل

Family limited partnerships and control discounts

Distributing assets to Family Limited Partnerships (FLPs) is an estate planning technique designed to reduce assets subject to estate taxation. This paper discusses power index models as measures of power along with extensions of indices to value minority discounts. Power indices and valuation models proposed here are directly applicable to valuing other business entities, particularly where co...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: SSRN Electronic Journal

سال: 2001

ISSN: 1556-5068

DOI: 10.2139/ssrn.285649